Palantir Technologies Shares Dive As Investors Question Artificial Intelligence

Palantir shares plummeted by over 20% in pre-market trading on Monday as investors raised concerns about the company's artificial intelligence (AI) technology and its ability to turn a profit.

The sell-off came after Palantir released its latest quarterly results, which showed that the company had missed analysts' expectations on both revenue and earnings. Palantir also warned that it expects its growth to slow in the coming quarters, as it faces increased competition from other AI companies.

Investors have been increasingly skeptical of Palantir's AI technology, which the company has touted as being able to solve some of the world's most complex problems. However, some experts have questioned whether Palantir's AI is truly as advanced as the company claims.

Palantir's financial performance has also been a concern for investors. The company has yet to turn a profit, and its losses have been widening in recent quarters. This has led some investors to question whether Palantir will ever be able to generate sustainable profits.

Palantir's stock has been under pressure for months, and the latest sell-off has pushed the company's market capitalization below $20 billion. This is a significant decline from the company's peak market capitalization of over $50 billion in 2021.

It remains to be seen whether Palantir can address the concerns of investors and turn its business around. However, the recent sell-off suggests that investors are becoming increasingly skeptical of the company's AI technology and its ability to turn a profit.